LONDON — European stock markets were on the rise in midmorning trading on Friday, with the FTSE MIB in Milan leading the way.
The Italian market was up 1.6 percent to 16,531.46, followed by the CAC 40 in Paris, 1.5 percent to 4,473.40. The DAX in Frankfurt rose 1.4 percent to 10,560.92 and the FTSE 100 in London climbed 0.8 percent to 7,035.83.
The euro traded at $1.10, while the pound fetched $1.21 and the Swiss franc equaled $1.01 at 11:00 a.m. CET.
Retail and luxury stocks were mostly up, with the morning’s biggest gainers including Compagnie Financière Richemont, which gained 3 percent to 66.95 Swiss francs; Koovs, 2.7 percent to 0.73 pounds, and Burberry, 2.6 percent to 15.39 pounds.
The morning’s biggest fallers included Ted Baker, down 1.3 percent to 25.17 pounds; Jimmy Choo, 1 percent to 1.30 pounds, and SuperGroup, 0.8 percent to 14.83 pounds.